$199

Retail employees and camera phones are running the rumor mill on overdrive today.

Another anonymous retail employee has snapped another shot of his inventory computer’s screen, but this time rather than a release date it’s as evidence of an impending price drop for the Xbox 360 down to the low low price of $199.99 effective Sept. 7 (or, as I like to call it, Spore Day).

It’s a deep cut in price but it makes sense, it was only a matter of time until someone undercut the Wii’s $250 price tag. Of course the Wii is profitable at $250, whereas Microsoft is taking a hit every time they lower the MSRP.

My question to you, our loyal readers, is this: Have any of you avoided buying a 360, and will this potential new price cut push you over the edge?